Meristem Family Wealth LLC Has $879,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Meristem Family Wealth LLC lifted its stake in shares of General Mills, Inc. (NYSE:GISGet Rating) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,040 shares of the company’s stock after purchasing an additional 2,773 shares during the period. Meristem Family Wealth LLC’s holdings in General Mills were worth $879,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GIS. NuWave Investment Management LLC acquired a new stake in shares of General Mills during the fourth quarter worth $28,000. Ellis Investment Partners LLC grew its holdings in shares of General Mills by 81.7% during the fourth quarter. Ellis Investment Partners LLC now owns 447 shares of the company’s stock valued at $30,000 after buying an additional 201 shares in the last quarter. TAP Consulting LLC purchased a new position in shares of General Mills during the fourth quarter valued at $37,000. Schubert & Co purchased a new position in shares of General Mills during the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of General Mills during the fourth quarter valued at $42,000. 74.63% of the stock is currently owned by institutional investors.

Shares of NYSE GIS traded up $0.89 during mid-day trading on Friday, reaching $73.10. 3,366,737 shares of the company traded hands, compared to its average volume of 3,550,103. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market cap of $44.02 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.50 and a beta of 0.45. The company’s fifty day moving average is $68.52 and its two-hundred day moving average is $66.93. General Mills, Inc. has a fifty-two week low of $56.67 and a fifty-two week high of $73.99.

General Mills (NYSE:GISGet Rating) last issued its quarterly earnings data on Wednesday, March 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.55 billion. General Mills had a return on equity of 23.10% and a net margin of 12.36%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. Research analysts forecast that General Mills, Inc. will post 3.83 earnings per share for the current year.

In related news, insider Shawn P. Ogrady sold 27,157 shares of the stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $69.50, for a total transaction of $1,887,411.50. Following the completion of the sale, the insider now owns 87,554 shares in the company, valued at approximately $6,085,003. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn P. Ogrady sold 43,565 shares of the stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $71.90, for a total value of $3,132,323.50. Following the sale, the insider now owns 87,554 shares of the company’s stock, valued at approximately $6,295,132.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,633 shares of company stock worth $5,768,339. 0.53% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price target on General Mills from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, March 24th. StockNews.com upgraded General Mills from a “hold” rating to a “buy” rating in a report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft lifted their price target on General Mills from $71.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, March 24th. JPMorgan Chase & Co. dropped their target price on General Mills from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 22nd. Finally, UBS Group assumed coverage on General Mills in a research report on Wednesday, March 30th. They issued a “neutral” rating and a $69.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and an average price target of $67.09.

General Mills Company Profile (Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

Featured Stories

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GISGet Rating).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.